2012-03-15T17:25:39-05:00 2011-06-30 BROCK AND COMPANY CPAS PC 3711 JFK PARKWAY 315 FORT COLLINS CO 80525 990 2010-07-01 131659623 GEOLOGICAL SOCIETY OF AMERICA INC GEOL 3033571019 PO BOX 9140 BOULDER CO 80301 JOHN W HESS 3033571019 2012-03-15 1 SUSAN R JOHNSON 9702237855 2010 2016-02-24 21:20:13Z JOHN W HESS PO BOX 9140 BOULDER CO 80301 14119116 0 X WWW.GEOSOCIETY.ORG X 1888 NY THE GEOLOGICAL SOCIETY OF AMERICAS WAS FOUNDED TO ADVANCE THE SCIENCE OF GEOLOGY. 16 16 55 200 0 -9291 871587 803729 4152798 4355809 -422117 666519 1904365 1700830 6506633 7526887 1248171 1269906 0 0 3107989 3992439 0 0 7862 3006327 2391953 7362487 7654298 -855854 -127411 22908481 27064716 2592710 2447088 20315771 24617628 X THE GEOLOGICAL SOCIETY OF AMERICA WAS FOUNDED TO ADVANCE THE SCIENCE OF GEOLOGY, ENHANCE THE PROFESSIONAL GROWTH OF ITS MEMBERS AND TO PROMOTE THE GEOSCIENCES IN THE SERVICE OF HUMANKIND AND STEWARDSHIP OF THE EARTH. 0 0 1898100 2418389 THE ORGANIZATION SPONSORS AN ANNUAL MEETING FOR ITS MEMBERS IN THE FALL. NINE THOUSAND, FIVE HUNDRED AND SEVENTY TWO PEOPLE ATTENDED THIS YEARS FISCAL MEETING. SMALLER MEETINGS ARE HELD IN THE SPRING. MEMBERS ATTEND TO MEET WITH DIVISION, SECTION AND ASSOCIATED SOCIETY MEMBERS. THEY PARTICIPATE IN FIELD TRIPS, TECHNICAL SESSIONS, SHORT COURSES AND CONFERENCES CONCERNING TOPICS IN THE FIELD OF GEOLOGY. 2420177 1679672 645922 EDUCATION, OUTREACH AND GRANTS - INVOLVEMENT IN HEIGHTENING PUBLIC UNDERSTANDING OF AND APPRECIATION FOR GEOSCIENCES BY WORKING WITH SCIENTISTS, TEACHERS, STUDENTS AND THE GENERAL PUBLIC. THERE ARE ALSO PROGRAMS AND SHORT COURSES RUN BY SECTIONS AND DIVISIONS. THE ORGANIZATION GRANTS FUNDS FOR RESEARCH AND TRAVEL TO UNDERGRADUATE, GRADUATE, AND POST-DOC STUDENTS AND SUPPORTS A NUMBER OF AWARDS AND MEDALS TO RECOGNIZE EXCELLENCE. THERE ARE APPROXIMATELY 1,100 RECEIPENTS OF THESE GRANTS AND AWARDS ANNUALLY. 599920 624428 THE MEMBERSHIP SERVICES PROGRAM INCLUDES THE COST OF MAINTAINING THE SOCIETY'S MEMBERSHIP FOR THE BENEFIT OF ITS MEMBERS AND TO ADVANCE THEIR PROFESSIONALISM, RESEARCH AND CAREERS. THERE ARE APPROXIMATELY 23,400 MEMBERS ANNUALLY. 447432 2367900 OTHER PROGRAM SERVICES INCLUDE: PUBLISHING AND DISTRIBUTING SCIENTIFIC LITERATURE,PROVIDING INFORMATION AND MATERIALS FOR PRIMARY LEVEL SCIENCE EDUCATION AND FURNISHING INFORMATION TO THE PUBLIC ABOUT EARTH SCIENCE EDUCATION AND THE ENVIRONMENT. OTHER PROGRAMS INCLUDE PROGRAMS SPONSORED BY MEMBERS IN SPECIFIC GEOGRAPHICAL LOCATIONS AND SCIENCES. 447432 2367900 5365629 1 1 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 415 0 1 55 1 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X THE GEOLOGICAL SOCIETY OF AMERICA INC 3033571019 PO BOX 9140 BOULDER CO 80301 DR JOAQUIN RUIZ 3.00 X X 0 0 0 DR JEAN M BAHR 3.00 X X 0 0 0 DR JOHN W GEISSMAN 3.00 X X 0 0 0 DR JONATHAN G PRICE 3.00 X X 0 0 0 MS MONICA E GOWAN 3.00 X 0 0 0 DR BRIAN R PRATT 3.00 X 0 0 0 DR LISA D WHITE 3.00 X 0 0 0 DR BRUCE R CLARK 3.00 X 0 0 0 DR JACQUELINE E HUNTOON 3.00 X 0 0 0 DR MURRAY W HITZMAN 3.00 X 0 0 0 DR VICTOR A RAMOS 3.00 X 0 0 0 DR BARBARA L DUTROW 3.00 X 0 0 0 DR G RANDY KELLER 3.00 X 0 0 0 DR CLAUDIA I MORA 3.00 X 0 0 0 DR J DOUGLAS WALKER 3.00 X 0 0 0 DR DANIEL LARSEN 3.00 X 0 0 0 MARGARET DAVINO 2.00 X 0 0 0 ADRIENNE MCNAMARA 2.00 X 0 0 0 DR MARK CLOOS 3.00 X 0 0 0 JOHN W HESS 40.00 X 186057 0 27056 CRAIG SCHIFFRIES 40.00 X 132717 0 13181 JON OLSEN 40.00 X 106386 0 14326 TODD BERGGREN 40.00 X 106509 0 17245 531669 0 71808 4 0 1 0 0 555537 248192 803729 MEETINGS 900099 2418389 2418389 EDUCATION & OUTREACH 611710 728709 728709 MEMBERSHIP DUES 900099 624428 624428 SECTIONS & DIVISIONS 900099 584283 584283 4355809 620402 620402 3525532 650000 4116001 13414 -590469 636586 46117 46117 3892750 2462814 1429936 1429936 MISCELLANEOUS 900099 167769 167769 SPONSORSHIPS 900099 103125 103125 270894 7526887 6056639 0 666519 1269906 1269906 228806 84658 144148 2954390 728804 2225586 231949 231949 360197 162689 197508 217097 57447 159650 27101 11535 15566 57760 57760 55482 55482 616013 317049 291102 7862 48655 12864 35791 221497 129729 91768 32044 2107 29937 210392 1800 208592 481941 357072 124869 764897 734878 30019 189363 16000 173363 50186 10503 39683 COGS 509241 11086 498155 BUILDING REPAIR ENDOWME 409765 409765 FOUNDATION SUPPORT 390316 390316 CREDIT CARD FEES 234624 6854 227770 AV SERVICES 120794 112458 8336 -2028118 928425 -2956543 7654298 5365629 2280807 7862 237 9371 40548 121962 352881 598772 301961 306979 275083 254202 5595159 3048247 2491483 2546912 18915569 18751769 530719 4374341 0 100408 22908481 27064716 631966 606855 1954347 1840233 6397 0 2592710 2447088 X 2190497 4770936 14240889 15962307 3884385 3884385 20315771 24617628 22908481 27064716 X -127411 4429268 X X 0 1 1 X 1 1 X 1459966 1334328 1343204 871587 803729 5812814 7420485 9852608 11607786 8031629 8248559 45161067 8880451 11186936 12950990 8903216 9052288 50973881 0 262317 262317 262317 262317 50711564 1269725 575392 648022 501774 620402 3615315 1269725 575392 648022 501774 620402 3615315 231466 109195 105128 445789 21460 162176 218064 203241 270894 875835 10171636 12155970 13926271 9713359 9943584 55910820 0.90700 0.90490 0.06470 0.07000 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 12648118 768922 13417040 12109543 540499 1924 12648118 17382740 -3793197 1480000 12109543 0.29000 0.71000 0 0 428065 428065 3906902 1907344 1999558 89557 89557 0 1170635 1051346 119289 2546912 LIMITED PARTNERSHIPS 2419845 F REAL ESTATE 1263642 F PRIVATE EQUITY PORTFOLIO 690854 F 4374341 7526887 7654298 -127411 4152166 359889 -82787 4429268 4301857 14059080 4152166 2462814 6614980 7444100 82787 82787 7526887 10117112 2462814 2462814 7654298 0 7654298 PART III, LINE 4: COLLECTIONS AND RELATION TO EXEMPT PURPOSE - THE PENROSE COLLECTION IS TO BE HELD IN PERPETUITY FOR EXHIBIT, RESEARCH, EDUCATION, AND AS A MEMORIAL TO R.A.F. PENROSE, JR. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INTENDED USES FOR ENDOWMENTS FUNDS - THE ENDOWMENT FUNDS SUPPORT THE EXEMPT ACTIVITIES OF THE ORGANIZATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC 740, PERTAINING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE PRONOUNCEMENT REQUIRES THE USE OF A MORE-LIKELY-THAN-NOT RECOGNITION CRITERIA BEFORE AND SEPARATE FROM THE MEASUREMENT OF A TAX POSITION. AN ENTITY SHALL INITIALLY RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. WITH RESPECT TO THE ORGANIZATION, THIS WOULD PRIMARILY RELATE TO THE DETERMINATION OF UNRELATED BUSINESS TAXABLE INCOME, AND TO THE MAINTENANCE OF ITS TAX EXEMPT STATUS. MANAGEMENT HAS EVALUATED THE ADOPTED POLICIES AND PROCEDURES THAT HAVE BEEN IMPLEMENTED TO PROVIDE ASSURANCE THAT INCOME IS PROPERLY CHARACTERIZED AND ACTIVITIES THAT JEOPARDIZE ITS TAX EXEMPT STATUS ARE WITHIN LIMITS ESTABLISHED UNDER EXISTING TAX CODE AND REGULATIONS. MANAGEMENT HAS DETERMINED THE EFFECTS OF UNCERTAIN TAX POSITIONS ARE NOT MATERIAL TO THE ORGANIZATION FOR RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AND, ACCORDINGLY, NO INCOME TAX LIABILITY HAS BEEN RECORDED FOR UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALL INCOME TAX YEARS OPEN FOR EXAMINATION ARE SUBJECT TO TAXATION AT CORPORATE TAX RATES. THE YEARS ENDED JUNE 30, 2010, 2009, AND 2008 ARE AVAILABLE FOR EXAMINATION AT JUNE 30, 2011. ADDITIONALLY, PENALTIES AND INTEREST MAY BE ASSESSED ON INCOME TAXES THAT ARE DELINQUENT. THE ASSESSMENT OF UNCERTAIN INCOME TAXES IS SUBJECT TO ESTIMATE, AND IT IS REASONABLY POSSIBLE THAT THE ESTIMATE MAY CHANGE IN THE NEAR TERM AND THE CHANGE MAY BE MATERIAL. PART XI, LINE 8 - OTHER ADJUSTMENTS: BOOK TO TAX PRIOR PERIOD ADJUSTMENTS -82,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: PUBLICATIONS - COST OF SALES PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENTS PART XIII, LINE 2D - OTHER ADJUSTMENTS: PUBLICATIONS - COST OF SALES EUROPE 0 0 PROGRAM SERVICE CO-SPONSORED A GEOSCIENCE MEETING IN TURKEY. 108195 0 0 0 0 0 0 108195 0 108195 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: GAAP 1 STIPEND FOR GEOCORPS PARTICIPANTS THAT VOLUNTEER THEIR SERVICES AT OUR NATIONAL PARKS, NATIONAL FORESTS, AND BLM LANDS 187 477663 RESEARCH GRANTS FOR STUDENTS 222 531893 AWARDS TO OUTSTANDING GEOSCIENTISTS TO FURTHER ADVANCE THE SCIENCE 51 104744 SECTIONS AND DIVISIONS AWARDS ARE PRIMARILY FOR STUDENT TRAVEL TO ATTEND MEETINGS 597 103182 FIELD CAMP AWARDS FOR STUDENTS TO ATTEND WYOMING FIELD CAMP TO FURTHER THEIR SKILLS AS GEOLOGISTS 13 34000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GEOCORPS PROGRAM - PARTICIPANTS ARE MONITORED WHILE IN THE FIELD AND ARE REQUIRED TO SUBMIT A WRITTEN REPORT AT THE COMPLETION OF THE ASSIGNMENT. TRAVEL GRANTS - STUDENTS MUST PHYSICALLY BE PRESENT AT THE TRAVELED-TO EVENT TO PICK UP THEIR CHECK AT THE EVENT/MEETING. RESEARCH GRANTS - ALL STUDENTS ARE ASKED TO FILL OUT A PROGRESS REPORT BY MARCH 31 OF EACH YEAR WHICH IS APPROXIMATELY ONE YEAR AFTER THE FUNDS ARE DISTRIBUTED. FIELD CAMP AWARDS IS MONITORED BY ATTENDANCE X X 0 0 0 0 0 0 0 0 0 JOHN W HESS 186057 0 0 0 0 0 0 0 27056 0 213113 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE SOCIETY CONSISTS OF HONORARY FELLOWS, FELLOWS, MEMBERS AND AFFILIATES ALL OF WHOM HAVE FULL AND EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A OFFICERS AND COUNCILORS ARE THEN DULY ELECTED AT REGULAR INTERVALS FROM THE VOTING MEMBERSHIP OF THE SOCIETY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS DO VOTE ON SOME OF THE COUNCILORS' DECISIONS/RECOMMENDATIONS. AN EXAMPLE OF THIS WOULD BE THE SELECTION OF AN INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS E-MAILED TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW AT LEAST 7 DAYS BEFORE THE EXECUTIVE COMMITTEE OF THE ORGANIZATION FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S COUNCILORS (BOARD MEMBERS) ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFILCTS. THE EXECUTIVE DIRECTOR'S OFFICE MAINTAINS THESE FILES. THE ORGANIZATION'S STAFF ALL HAVE READ THE CONFLICT OF INTEREST POLICY AND HAVE A SIGNED CONFLICT OF INTEREST INFORMATION FORM ON FILE WHICH THEY UPDATE WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEES ARE REVIEWED SEMI-ANNUALLY. THEIR COMPENSATION LEVEL IS REVIEWED ANNUALLY. THE EXECUTIVE DIRECTOR HAS AN ANNUAL CONTRACT WHICH IS REVIEWED AND IF ACCEPTED, RENEWED BY THE COUNCIL OF THE ORGANIZATION. THE COUNCIL WILL DETERMINE ANNUALLY IF THE BUDGET ALLOWS FOR RAISES. WHEN HIRING NEW EMPLOYEES, THE COUNCIL USES MARKET SURVEYS FOR SIMILIAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CODE OF CONDUCT, AND OTHER ORGANIZATIONAL DOCUMENTS AVAILABLE ON ITS WEBSITE. ITS FOUNDING DOCUMENTS, FORM 990 AND 990-T ARE AVAILABLE ON GUIDESTAR AND ARE ALSO AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,152,166. PRIOR PERIOD ADJUSTMENTS: 359,889. BOOK TO TAX PRIOR PERIOD ADJUSTMENTS -82,787. TOTAL TO FORM 990, PART XI, LINE 5: 4,429,268. AUDIT COMMITTEE OVERSIGHT FORM 990- PART XII, LINE 2C THERE ARE NO CHANGES IN THE AUDIT COMMITTEE'S RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OR ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. THE GSA FOUNDATION PO BOX 9140 BOULDER CO 80301 742156871 TO DEVELOP AND PROVIDE FUNDS TO SUPPORT THE GOALS AND PROGRAMS OF THE GSA CO 501(C)3 LINE 9 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 GSA FOUNDATION INC B 409765 CASH GSA FOUNDATION INC C 609836 CASH GSA FOUNDATION INC N 260316 HISTORICAL PAYROLL GSA FOUNDATION INC M 130000 HISTORICAL SPACE USED GSA FOUNDATION INC Q 54800 CASH